2-bedroom flat · PE25 2SB
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned within walking distance of the town centre (0.4 miles away) and the beach (less than 1/2 a mile away) this ground floor flat makes an ideal investment opportunity.
The flat has been modernised and refurbished to offer a refitted kitchen with integrated appliances, and re-fitted shower room together with two bedrooms and a lovely open plan lounge/dining area from the kitchen.
Further improvements include gas central heating (with a combination boiler) and uPVC double glazed windows and door.
There is no upward chain to worry about making this available for a quick sale if required. All in, a nicely presented, well positioned flat.
Currently rented (which the vendor informs us by a good tenant, who is tidy and timely with paying their rent) and could be sold with said tenant or available vacant if required. EPC rating: C.
Tenure: Leasehold, Entrance There are communal entrances from the front and rear of the building opening to a communal entrance hallway with stairs off.
Flat 1 is accessed via door that opens onto a balcony area to the rear of the building.
Hall Entered via UPVC front door with doors to; Open Plan Lounge/Diner/Kitchen 5.74m x 4.55m (18'10" x 14'11") Kitchen area comprises; single drainer stainless steel sink unit with mixer tap over, set in work surfaces to provide a range of fitted 'gloss grey' base cupboards & drawers under together with matching range of wall mounted storage cupboards over with integrated microwave.
Further integrated appliances include a stainless steel electric oven and grill with four burner stainless steel gas hob and extractor hood over, space and plumbing for washing machine, splashback to worksurfaces, integrated fridge & freezer with matching door fronts, laminate flooring, gas central heating boiler, the kitchen is open plan into the lounge which further includes a radiator, bt & tv point and four ceiling spotlights.
Bedroom One 5.44m x 2.57m (17'10" x 8'5") Having radiator, range of built in wardrobes with hanging rails and ceiling light point.
Bedroom Two 2.64m x 1.96m (8'8" x 6'5") Having radiator, built in wardrobes with hanging rails and ceiling light point.
Shower Room 2.36m x 1.7m (7'9" x 5'7") Having been re-fitted with a three piece white suite comprising a double sized shower cubicle with mermaid board style splash surround and shower therein, hand basin set in vanity unit with toiletry cupboards under, close coupled wc with matching back unit, and matching bathroom cabinet over, extractor fan, backlit vanity mirror, laminate flooring, wall mounted electric heater, ceiling lights.
Outside There are communal doors from the front off Roman Bank as well as the rear off Cavendish Road.
There is a communal car park to the rear and garaging which can be rented for a monthly fee (tbc).
Directions From our office on Roman Bank proceed north and Ellis court can be found on the left hand side just before The Ship traffic lights.
To access from rear car park turn left at The Ship traffic lights onto Burgh Road and then first left into Cavendish Road and then left into the car park to the rear of the block of flats.
Services The tenure of the property is leasehold with a 99 year lease commencing 5th April 1979.
The agents understand that the current service charges are £123.59 per month which contributes to the overall buildings insurance.
Prospective buyers should satisfy themselves regarding ground rent/service charges prior to committing to purchase. Material Information Link All information is provided without warranty.
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Material Information Data Verified Material Information Council tax band: A Council tax annual charge: £1366.32 a year (£113.86 a month) Tenure: Leasehold Lease length: 99 years from 1979 (53 years remaining) Service charge: £1483 pa Property type: Flat Property construction: Standard form Electricity supply: Mains electricity Solar Panels: No Other electricity sources: No Water supply: Mains water supply Sewerage: Mains Heating: Central heating Heating features: None Broadband: FTTP (Fibre to the Premises) Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Great Parking: Communal, Off Street, and Rear Building safety issues: No Restrictions - Listed Building: No Restrictions - Conservation Area: No Restrictions - Tree Preservation Orders: None Public right of way: No Long-term area flood risk: No Coastal erosion risk: No Planning permission issues: No Accessibility and adaptations: Level access shower Coal mining area: No Non-coal mining area: Yes Energy Performance D Local Authority This property falls within the geographical area of East Lindsey District Council - .
https// Viewing By appointment with the Sole Agent Lovelle Estate Agency, telephone .
We recommend prior to making an appointment to view, prospective purchasers discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
How to make an Offer If you are interested in this property then it is important that you contact us at your earliest convenience.
We will require certain pieces of personal information from you in order to provide a professional service to you and our client.
The personal information you have provided to us may be shared with our client, the seller, but it will not be shared with any other third parties without your consent other than the stated reasons detailed within our privacy policy.
More information on how we hold and process your data is available on our website and you can opt-out at any time by simply contacting us.
For any offer, you wish to make we will need to establish certain details before negotiation can take place.
This is so that our vendor can make an informed choice when negotiating and accepting your offer. You will be asked to provide formal I.D.
and address verification, as required under the new Money Laundering Legislation.
Mortgage Advice You might also have one or two questions for us, such as which solicitor to choose, or which mortgage lender has the best offers available for me.
We have a one-stop shop to satisfy all of these needs so please ask. Budgeting correctly and choosing the right mortgage for a move is vital.
For independent mortgage and insurance, advice call our mortgage advisor on to arrange an appointment.
Energy Performance Certificate A copy of the full Energy Performance Certificate for this property is available upon request unless exempt.
Advisory Notes - Please be advised if you are considering purchasing a property for Buy To Let purposes, from 1st April 2018 without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.
Agents Notes These particulars are for guidance only.
Lovelle Estate Agency, their clients and any joint agents give notice that:- They have no authority to give or make representation/warranties regarding the property, or comment on the SERVICES, TENURE, and RIGHT OF WAY of any property.
These particulars do not form part of any contract and must not be relied upon as statements or representations of fact. All measurements/areas are approximate.
The particulars including photographs and plans are for guidance only and are not necessarily comprehensive.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
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Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Roman Bank, Skegness, PE25
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